Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
ITAT allowed Revenue's appeal and restored the disallowance of weighted deduction claimed u/s 35(1)(ii) by the assessee on donations made to a specified research institute. The Tribunal held that the donee institute did not have valid approval u/s 35(1)(ii) after 31.03.2006 and had procured donations on the basis of forged documents, rendering the assessee's claim impermissible in law. Relying on its earlier decision in a comparable case and the adverse findings of the Revenue, ITAT upheld the AO's action and quashed the order of CIT(A) which had granted relief to the assessee.
ITAT allowed Revenue's appeal and restored the disallowance of weighted deduction claimed u/s 35(1)(ii) by the assessee on donations made to a specified research institute. The Tribunal held that the donee institute did not have valid approval u/s 35(1)(ii) after 31.03.2006 and had procured donations on the basis of forged documents, rendering the assessee's claim impermissible in law. Relying on its earlier decision in a comparable case and the adverse findings of the Revenue, ITAT upheld the AO's action and quashed the order of CIT(A) which had granted relief to the assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
